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What is Martha Firestone Ford Net Worth 2023: Overview, Interview

What is Martha Firestone Ford Net Worth 2023 Overview, Interview

Martha Firestone Ford, the former owner and CEO of the Detroit Lions football team, has made a name for herself in the sports world.

In this article, Fidlar will look at what Martha Firestone Ford net worth is, her career, investments and more. We’ll also hear from her in an exclusive interview about how she got to where she is today and what she plans to do with her wealth.

What is Martha Firestone Ford’s Net Worth and Salary 2023?

What is Martha Firestone Ford's Net Worth and Salary 2023

Martha Firestone Ford is an American businesswoman and philanthropist who has a net worth of $800 million. She is the majority owner, president, and CEO of the Detroit Lions of the National Football League (NFL).

Ford gained her wealth through her late husband, William Clay Ford’s shares in the Ford Motor Company, which he inherited from his grandfather Henry Ford.

Martha Firestone Ford Overview

Martha Firestone Ford Overview

Early Life

On September 16th, 1925, Firestone was born in Cleveland, Ohio, to Harvey S. Firestone Jr. and Elizabeth Parke Firestone; her grandparents were the illustrious founders of Firestone Tire and Rubber Co., Harvey Samuel and Idabelle Smith Firestone.

In 1946, she achieved the prestigious honor of graduating from Vassar College.

Career

Martha Firestone Ford is the principal owner and chairman of the Detroit Lions, a professional American football team. She had held this position since 2014, when she assumed ownership from her late husband, William Clay Ford, Sr., who had owned the team since 1963.

Ford is the first female majority owner of a National Football League (NFL) team. She has become a role model for women in sports and business and was named one of Time Magazine’s 100 Most Influential People in 2017.

Ford is an advocate for diversity, inclusion, and equal opportunity for all, and she has been a leader in NFL initiatives such as the Women’s Careers in Football Forum.

Ford is also a philanthropist who supports a variety of causes, including education, health care, and animal welfare. She serves on the boards of the Detroit Economic Club, the Detroit Institute of Arts, and the Henry Ford Health System.

In addition, Ford has been a major supporter of the Detroit Symphony Orchestra, the Detroit Public Schools Foundation, the Detroit Riverfront Conservancy, and the Detroit Police Athletic League.

Ford has a long history of involvement in the automotive industry. She was the first woman to serve on the board of directors of the Ford Motor Company and served as vice chairperson of the company from 1998 to 2005. She is also an honorary trustee of the Henry Ford Museum and Greenfield Village.

Ford holds a Bachelor of Science degree in Business Administration from the University of Michigan. She is married to William Clay Ford, Jr., and the couple has four children.

Personal Life

Martha Firestone Ford Personal Life

When Ford first encountered her future husband, William Clay Ford – grandson of Henry Ford – it was at lunch in New York, orchestrated and attended by their mothers, according to the biography The Fords.

She was a Vassar student, dubbed by her peers as “Stoney,” while he was a Naval Cadet at St. Mary’s U.S. Navy Pre-Flight School. Little did they know, this was the beginning of an extraordinary love story.

On June 21, 1947, at St. Paul’s Episcopal Church in Akron, Ohio, two grand families of empire-builders united in marriage, and the news of this union between two now-wealthy households was broadcast far and wide.

In its numerous articles chronicling the Firestone-Ford nuptials, the Akron Beacon Journal praised the wedding as “the biggest society wedding in Akron’s history” and “the biggest show Akron has seen in years”.

Notable gifts from F.B.I. Director J. Edgar Hoover, media publisher John S. Knight, and Mina Miller Edison further added to the wedding’s grandeur.

In 2014, tragedy struck and her husband passed away, leaving behind a family of four: Martha Parke Morse (born 1948), Sheila Firestone Hamp (born 1951), William Clay Ford, Jr. (born 1957) and Elizabeth Ford Kontulis (born 1961).

By 2015, her son William had assumed the chairmanship of Ford Motor Company, a powerful legacy of their once-shared life together. Previously, he served as both the CEO and COO of Ford and currently holds the role of Vice Chairman of the Detroit Lions.

Ford is a proud grandparent of 14 grandchildren and 11 great-grandchildren.

For decades, Ford and her closest family had called Grosse Pointe, Michigan, their home, moving to Grosse Pointe Woods when they relocated to the Detroit area after their marriage.

But since 1960, Ford and William have been living in Grosse Pointe Shores, having a house custom-built for them on the banks of Lake St. Clair.

FAQs about Martha Firestone Ford

FAQs about Martha Firestone Ford

How Much is the Ford Family Worth?

Descendants of company founder Henry Ford possess a whopping 71 million Class B shares, valued at approximately $1.8 billion!

What is William Clay Ford Jr Net Worth?

William Clay Ford Jr is the executive chairman of Ford Motor Company, a position he has held since 1999. As such, he is one of the wealthiest people in the world, with an estimated net worth of $1 billion as of 2023. He is also the great-grandson of Henry Ford, the founder of Ford Motor Company.

How Much Money Did the Ford Family Pay for the Detroit Lions?

In 1961, William Clay Ford Sr. seized the opportunity to seize control of the Detroit Lions by shrewdly capitalizing on a power struggle between Edwin Anderson and D. Lyle Fife and purchasing the other 144 shareholders for an eye-watering $4.5 million (equivalent to $41,966,176.47 in 2021) to become the majority owner and team president.

Conclusion

Martha Firestone Ford is an inspiring example of how one can use wealth to improve the lives of those around them. Ford has made a lasting impact on her community through her work with the Detroit Lions and her philanthropic endeavors.

Fidlar hopes that this profile has provided you with a better understanding of this remarkable woman and her contributions to the world. Thank you for reading!

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